Help Required information Use the following information to answer questions [The following information applies to the questions displayed below) The following information is available for Lock-Tite Company, which produces special-order security products and uses a Job order costing system April 30 May 31 Inventories Raw materials $43,000 52,000 Work in proces 10,200 21,300 Finished goods 65,000 35,600 Activities and information for May Raw materiale purchases (paid with canh) 210,000 Pactory payroll paid with canh) 345,000 Factory overhead Indirect materials 15,000 Indirect labor 80,000 Other overhead coats 120,000 Sales (received in canh) 1,400,000 Predetermined overhead rate based on direct labor cost 700 Exercise 19.7 Cost flows in a job order costing system LO P1, P2, P3, P4 Compute the following amounts for the month of May using T-accounts. 1. Cost of direct materials used 2. Cost of direct labor used. 3. Cost of goods manufactured. 4. Cost of goods sold." 5. Gross profit. 6. Overapplied or underapplied overhead. "Do not consider any underapplied or overapplied overhead